The correct answer is:
The home equity loan interest component may be tax deductible in
Canada
please answer the question Which of the following is true about a home equity loan? Select...
The interest paid on which type of loan is not tax deductible? Multiple Choice Home equity loan interest for home improvements Credit card interest Mortgage interest to buy a home Mortgage interest to build a home Investment interest up to the amount of investment income oan Martin expects interest rates to decline over the next few months. To achieve her long-term financial goals, she will trade off liquidity for a higher return by using a: Multiple Choice regular savings account....
please answer the question Which of the following is true about credit bureaus in Canada? Select one , a It is impossible to have a better credit score at one bureau than the other. b Lenders may access your credit information without your permission. . c. There are two federally appointed credit bureaus in Canada d Lenders may use more than one credit bureau for information
us Econ 3.4.59 E Question Help A couple wishes to borrow money using the equity in their home for collateral. A loan company will loan them up to 70% of their equity. They puchased their home 12 years ago for $61,384. The home was financed by paying 20% down and signing a 15-year mortgage at 8.4% on the unpaid balance. Equal monthly payments were made to amortize the loan ver the 15-year period. The net market value of the house...
46. Which one of the following is a miscellaneous itemized deduction? A. Qualified mortgage insurance premium. B. Casual gambling losses to the extent of gambling winnings. C. State income taxes. 47. Some or all of the interest incurred on a qualified education loan may be: A. Deductible in computing AGI. B. Deductible as a miscellaneous itemized deduction. C. Never deductible. 48. The Browns borrowed $30,000, secured by their home, to pay their son’s college tuition. At the time of the...
Your uncle Fred just purchased a new boat. He brags to you about the low 7.2% interest rate (APR, monthly compounding) he obtained from the dealer. The rate is even lower than the rate he could have obtained on his home equity loan (8.2% APR, monthly compounding). But if his tax rate is 26% and the interest on the home equity loan is tax deductible, which loan is truly cheaper?
Which is true for a firm's overall cost of equity: Select one: a. It is generally less than the firm's after-tax cost of debt b. It is generally less than a leveraged firm's WACC c. It is dependent on growth rate and risk level of the firm d. li is unaffected by changes in the market risk premium Which one of the following is the primary determinant of a firm's cost of capital? Select one: a. Use of Funds b....
please answer Question 1 10 pts LO2 From a taxing standpoint, what is special about the interest on debt? The interest on debt is lower that the WACC. The interest on debt is income tax deductible. The interest on debt is fixed over the life of the bond. OThe interest on debt is tax deferrable.
4.Which one of the following statements about the approach to bond pricing is NOT true? Select one: A. To calculate a bond's price, one needs to calculate the present value of the bond's expected cash flows. B. The value, or price, of any asset is the future value of its cash flows. 6.Which one of the following statements is NOT true? Select one: A. The yield to maturity of a bond is the discount rate that makes the present value...
Which of the following statements about the statertient of stockholders equity are true? (Select all that apply.) Check All That Apply Net income increases total stockholders' equity. Dividends increase total stockholders' equity. The issuance of common stock increases stockholders' equity. Unrealized holding gains on certain securities increase total stockholders' equity.
22. Which of the following statements concerning preferred stocks is true? a. Preferred stockholders have anrior claim on the income and assets of the firm as compared to the claims of lenders. b. Preferred stock dividends per share are normally increased as the earnings of the firm increase. c. Preferred dividends per share are usually not cut or suspended unless the firm is faced with serious financial problems. d. The par value of a stock is always the same as...